54 Coldwater Road Waubaushene, Ontario L0K 2C0
$724,999
Discover an exceptional investment opportunity with this turnkey fourplex, ideally situate on a spacious lot in Waubaushene, just moments from the picturesque Georgian Bay. Each unit has undergone extensive interior renovations and is individually metered for hydro, minimizing your expenses as the owner. With no share common areas, your only utility expense consideration is water. This property comprises of four charming one-bedroom units, all currently leased at competitive rates, yielding an impressive annual income of $66,000. With ample parking and an expansive lot, this gem also features a modernized septic system installed in 2018. The vast lot offers exciting possibilities for potential re-zoning and building additional units - subject to Buyer doing all of their own due-diligence. Conveniently located near marinas and the scenic Tay Trail, this property offers easy access to Hwy 400 for effortless commutes to Barrie or Orillia. Furthermore, the seller offers a Vendor Take Back (VTB) option and one year of complimentary property management, making this already lucrative investment opportunity even more enticing. (id:47351)
Property Details
| MLS® Number | 40598915 |
| Property Type | Multi-family |
| Amenities Near By | Marina, Place Of Worship, Schools |
| Community Features | School Bus |
| Parking Space Total | 6 |
| Structure | Shed |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 4 |
| Basement Type | None |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 1 |
| Size Interior | 1975 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Marina, Place Of Worship, Schools |
| Sewer | Septic System |
| Size Depth | 268 Ft |
| Size Frontage | 109 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R1 |
https://www.realtor.ca/real-estate/26976395/54-coldwater-road-waubaushene
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June 18 2024 04:27:17
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